Your Daily Support to Break Resistance.
16 May 2021 1 minute read 0 comments Biz Wisdom
Gonna keep this one short. The OMG/BTC weekly chart shows OMG is near the bottom of its price range, barely above its all-time low in 2020. Following the massive 2018-2019 bear market in which most altcoins retraced 90-95% (or more), OMG indeed bo...
15 May 2021 1 minute read 1 comment Biz Wisdom
Bitcoin tried to recover on Friday, drifting higher above the $51K level before getting rejected by the 38.2% fib, falling back below $50K to close the daily candle around $49K and change. This is a bearish candle in response to yesterday's selloff i...
13 May 2021 1 minute read 0 comments Biz Wisdom
Ethereum picked up where it last week left off, rallying and slicing through resistance levels with ease. One large green candle after another pushed ETH over the $4,000 level up to about $4,400 before pulling back a bit, with ETH now hovering around...
7 May 2021 1 minute read 0 comments Biz Wisdom
From March 2020 until now, what's been the highest-performing asset of this COVID-19 pandemic? Let's take a look: March 2020-May 2021 Weekly Chart (% Change). From lowest to highest % gains: Gold: 20.9% Dow Jones: 80.1% S&P 500: 82.2% NASDAQ: 94...
6 May 2021 1 minute read 0 comments Biz Wisdom
Bitcoin rallied on Wednesday, breaking a bearish two-day streak and rallying up to $58K before closing the daily candle around $57K. This is a bullish reaction and very much needed as BTC needed to find support at the 50 Day EMA else face jeopardizin...
5 May 2021 2 minute read 0 comments Biz Wisdom
Bitcoin fell on Tuesday, reaching up to the $57K level before pulling back, bouncing off the 50 Day EMA and closing the daily candle under $55K. This is a bearish candle as BTC continues to struggle around the 50 Day EMA, indicating a possible break...
4 May 2021 1 minute read 0 comments Biz Wisdom
Ethereum broke out, breaking above the $2,500 level late last week and north of $3,000 early on Monday. This is extremely bullish as ETH has pushed to new ATHs in USD and BTC pairings, and is now closer to larger, more significant price targets such...
3 May 2021 1 minute read 0 comments Biz Wisdom
Bitcoin rallied last week, briefly dipping below the $50K level before quickly bouncing and finishing the weekly candle near the highs around $57K. This is a bullish candle and a bullish close as we look for this bullish momentum to follow us into As...
2 May 2021 1 minute read 0 comments Biz Wisdom
From a purely technical perspective, the following 3 tokens' charts have all recently completed bullish divergences, breaking the multiyear downtrend and have rallied above both the 50 and 200 Week EMAs, indicating a longer-term trend reversal. While...
29 Apr 2021 1 minute read 0 comments Biz Wisdom
Bitcoin fell a bit on Wednesday, initially rallying just above $55K before pulling back, closing the day just under $55K with a small inverted hammer. This isn't a great-looking candle but what's important to note is the higher high and higher low. ...
